Aptos cofounder, early employees raise $50 million for crypto fund Maximum Frequency Ventures

Mo Shaikh, cofounder of Aptos and a former member of Meta's Libra project, has successfully raised $50 million for a new crypto fund called Maximum Frequency Ventures. This funding is significant as it highlights the growing interest and investment in blockchain technology and cryptocurrency, especially from experienced professionals in the field. Shaikh's background in a major tech initiative like Libra adds credibility to this new venture, potentially attracting more investors and innovators to the crypto space.